23 Dec 2010 07:00
Press Release | 23 December 2010 |
Hightex Group plc
("Hightex" or "the Group")
Hightex wins €2 million contract to fabricate and install
significant sculpture in France
Hightex Group plc (AIM:HTIG), a leading designer and installer of large membrane roofs and façades worldwide, is pleased to announce that it has been awarded a contract, to fabricate and install a sculpture in Paris. The contract value for Hightex is approximately €2.0 million and all of the revenues from this contract will arise in 2011.
The sculpture, which will be placed in a prominent Parisian site, will be one of the largest fabric sculptures ever produced and will be the latest work from a world renowned artist. Detailed planning will commence immediately, with installation to take place in April 2011. Further details of the location and sculptor will be announced before the installation of the project.
Hightex is recognised as a leading partner for large scale artistic projects that require membrane structures; former projects include Anish Kapoor's "Marsyas", a famous installation in the Turbine Hall at the Tate Britain gallery and his "Melancholia" membrane sculpture, installed at The Museum of Contemporary Art in Brussels, Belgium.
Charles DesForges, Chairman, stated that "Hightex Group is delighted to have been selected for this prestigious project which, by applying its well developed expertise gained from the design and installation of more traditional, large area tensile membrane structures, will also keep the Group in the forefront of artistic creations based on the use of identical organic polymeric materials."
- Ends -
For further information:
Hightex Group plc | |
Charles DesForges, Executive Chairman | Tel: +44 (0) 20 7603 1515 |
Frank Molter, Chief Executive Officer Charles Sebag-Montefiore, Non-Executive Director | www.hightexworld.com |
FinnCap | |
Geoff Nash - Corporate Finance | Tel: +44 (0) 20 7600 1658 |
Tom Jenkins, Simon Starr - broking | www.finncapital markets.com |
Media enquiries
Hudson Sandler | |
Charlie Jack | Tel: +44 (0) 20 7398 7706 |
Nathan Field | www.hudsonsandler.com |
Notes to Editors
Hightex Group is a specialist provider of large area architectural membranes for roofing and façade structures. The membranes are typically used in roofs and façades for sporting stadiums and arenas; airport terminals; train stations; shopping malls and other buildings. This type of structure is a competitive alternative to glass as it is cheaper, lighter, and safer as well as being flexible to create complex shapes and it can span larger areas. Hightex uses environmentally friendly materials and is focussed on innovative technology and coatings, which help to reduce a building's energy costs.
Hightex, one of only two international companies to design and install these structures worldwide, has been involved in the construction of a number of very high profile buildings including The Wimbledon Centre Court retractable roof, the Burj al Arab Hotel in Dubai, the roof of the Suvarnabhumi International Airport in Bangkok and the grandstand roof at Ascot Race Course.
The global market for membrane structures is estimated by the Hightex directors to approach around €350 million a year, and is growing as a result of the demand for energy efficient buildings and the popularity and cyclical nature of sporting events, which give rise to a continuing need for upgraded and new buildings and stadiums.
Headquartered in Rimsting, Germany the Group employs approximately 45 people and is listed on the AIM market of the London Stock Exchange (LSE: HTIG). Further information on Hightex Group plc can be found at www.hightexworld.com